McGlone made a stunning prediction about Dogecoin and other small-cap altcoins.
He has called all them “so-called cryptocurrencies”, stating that Dogecoin is one of them and that “future generations may look back upon them akin to the dot-com bubble.”
Bloomberg’s expert pointed out that Dogecoin, which boasts a market capitalization of $68 billion, has “1,999 inklings.” He also called DOGE and similar cryptocurrencies “unlimited supply cryptos” which are going to compete with Bitcoin (limited to only 21 million with more than 19 million coins mined already) and precious metals – silver, gold, platinum, and palladium, which, aside from gold, belong to the Platinum Group Metals.
Thus, he doubled down on his $350,000 price forecast made earlier in December. Over the weekend, Kiyosaki revealed that the biggest market crash had arrived, therefore he urged the community to save Bitcoin, silver, and gold. On Friday, the author of the “Rich Dad Poor Dad” best-selling book tweeted that BTC had make him rich and will make even richer. He intends to continue buying BTC since this asset keeps going up even during market crashes.
Kiyosaki frequently refers to money printing conducted by the Federal Reserve and US Treasury, calling that “fake money” printing. He pointed out that those who save “fake money” become poorer, while those who save “real assets”, such as Bitcoin, silver, and gold, become wealthier.
Today, Bitcoin managed to regain the $99,000 level after a substantial increase overnight. By now, Bitcoin has recovered above the $101,000 price level.
This article was originally published on U.Today
To read the full article, Click Here